EU to reconsider about GSP plus

The European Union is re-evaluating Sri Lanka's request to grant the GSP plus concession for its exports to EU and to lift the restrictions imposed on export of fish products.

European Union Ambassador to Sri Lanka, David Daly expressing deep appreciation over the new government's policies on improving human rights and strengthening democratic institutions when he met the President at the Presidential Secretariat yesterday, said the EU is seriously considering Sri Lanka's request.

Sri Lanka's apparel sector was mostly benefited by the EU's GSP Plus facility and had lost considerable revenue on apparel exports over the past few years because of losing GSP plus.